Indofil Industries - Excellent Revenue Growth For An Agrochemical Company

In 2021, Indofil Industries, for the first time in a decade, achieved a sales figure of Rs. 1000 crore in the domestic market - as reported by Newsroom Post.

Established in 1962, Indofil Industries is one of the leading agro-chemical manufacturers, distributors, and marketers with a fully integrated framework across products. The company exceptionally performs well both in agricultural chemicals as well as the speciality and performance chemicals business. Being a part of the K.K. Modi Group, the company operates as an integrated multi-product chemical company. The company offers insecticides, fungicides, herbicides, acaricides, surfactants, plant growth regulators, plant nutrient products and many more. The vast business of the company aided them in achieving revenue of over INR 500 Cr. for FY21, and its EBITDA increased by 85.64%.

Additionally, the company reported a growth of 18% in its net sales in FY22 from Rs. 2440.83 Cr. in 2021 to Rs. 2870.12 Cr. in 2022. Considering the company's net profit, it also grew by 227% from Rs. 66.94 Cr. in 2021 to Rs. 218.82 Cr. in 2022. This flabbergasting revenue growth of the company compels retail investors to invest in Indofil Industries Unlisted Shares India. Stride along with this article to know about the overall revenue growth of Indofil Industries in detail.

Launch Of New Products Led Revenue Growth

Indian agrochemical companies have expedited the growth of new products to the market in the past two years, which has contributed to the revenue. In FY 21-22, Indofil Industries launched new products such as Dammu, Indoziler Liquid, Pixo maxima, Ceasemite, and Itwin. The launch of new products resulted in high revenue growth and profit for the company from its domestic business. Additionally, the company is planning to launch more products this year to retain its growth trajectory. According to India Brand Equity Foundation (IBEF), the Indian chemical industry stood at USD 178Bn in 2019 and is expected to reach USD 304 Bn by 2025, registering a CAGR of 9.3%.

As per the Enigma Marketing Research report, the Indian agrochemical market is expected to grow at a CAGR of 8.6% between 2021 and 2016 and will reach USD 7.4 Bn by 2026 from USD 4.5 Bn in 2020. If you want to invest in Indofil Industries unlisted shares, connect with Stockify today.

The Financial Report Of Indofil Industries As On 31 March 2022

Growth In Overseas Markets

Indofil Industries has consolidated and accelerated its market share by expanding its footprints in different countries globally. Presently, the company has a presence in more than 120 countries, including Asia Pacific, Africa, and Latin American countries like Brazil, Mexico, and Argentina, which help them mitigate risk diversification. As the company operates both in the B2B and B2C business segments and the international markets by which, the company has witnessed a significant rise in individual customers. The company has well-positioned to gain from the surging agrochemical consumption to boost agriculture output worldwide.

Additionally, in 2021, the company claimed, "The domestic business contributed 41% of the revenue (FY20). Going forward, we expect a 46% revenue contribution from international business. Indofil has an export presence in more than 120 countries worldwide. We are expecting further growth by brownfield and greenfield expansions and acquisition,"

Mancozeb - The Key Revenue Driver For Indofil

Being one of the top three producers in the world, Mancozeb is the world's largest-selling fungicide business, and it contributed more than 57% of Indofil Industries' turnover in FY18. Indofil Industries has diversified and expanded its product portfolio by integrating with Mancozeb. In the last few years, the company has also introduced different agro-synthesis technical products; thus, Mancozeb remains to be the vital revenue and profitability driver for Indofil Industries. If you want to know Indofil Industries unlisted share price, check it out at Stockify.

Offering End-To-End Solutions To Meet Diverse Customer Demands

Agriculture plays a vital role in evolving the economy. In the face of diversification, Indian agriculture has demonstrated growth in the past years. As per the Economic Survey 2020-21, the agriculture sector registered a growth rate of 3.4% at constant prices. Another reason for Indofil Industries that contribute to their revenue and growth is their innovative products and solutions catering to clients' needs. The company leverages cutting-edge technologies, in-house product development expertise, and strong brand equity. The company's products are widely used in textile, paints, leather, plastics, and construction chemical companies. As the company also deals in speciality chemicals, the demand for

Speciality chemicals is predicted to rise at a CAGR of 15.87% in FY20-25 from INR 3159.22 Cr. in FY20 to INR 6435.73 Cr. in FY25.

The above data clearly shows that Indofil Industries will contribute to these rising numbers with its innovative products and solutions.

Why Should You Buy Indofil Industries Unlisted Shares?

With domestic and international presence, Indofil Industries has made an amazing record by offering its exceptional services. The company has recorded a flabbergasting revenue in FY 21-22 and is all set to achieve higher profit in the future. If you want to get a high return on your investment, Indofil Industries unlisted shares are an ideal investment option for you. If you're worried about how to buy pre-IPO shares, Stockify is here to help. We have a team of expert brokers who can help and guide you throughout the buying and selling process of top pre-IPO companies' shares in India. We can provide you with all the relevant details of the company to make your investment much easier. So, connect with us today!